chemyst
  • chemyst
  • Herf-A-Holic Topic Starter
13 years ago
Not that I have to worry, but that seems a bit Commie.

They establish the rules to encourage people to save their money,
then when some jerk gets elected he wants to take away elders'
life savings, just because they're successful. (not to mention Medicare)

This is almost the same as when they confiscated our individual
Soc. Sec. accounts, and spent it on the Vietnam War and for
Welfare. And we now know how that worked out. Politicians
are dinosaurs... Genus:Jerkus Species:Maximus.
cacman
13 years ago
His whole campaign was based on these type of socialist principles. People voted that's what they want. Why is it a surprise now?

What's scarier is that the amount that depend on the guberment rises faster than those than those that could possibly be effected in their lifetime.

Of course I would expect that our guberment officials will again be exempt from any such measures on the American people.
DrafterX
13 years ago
That Bassard..!! 😠
daveincincy
13 years ago
Confiscate? As in, "oh, hey, I'll be taking that now...thanks." What's the purpose?

In addition to what cacman said, with the amount of people rising who are dependant on the government, they will be completely onboard with this if they feel they will lose their benefits (handouts).

It's like Obama is sitting back in his big leather chair saying, "I love it when a plan comes together." ...just not in a cool John "Hannibal" A-Team way, but more like a Mr. Burns (Simpsons) way.
jpellegrin
13 years ago

Confiscate? As in, "oh, hey, I'll be taking that now...thanks." What's the purpose?

In addition to what cacman said, with the amount of people rising who are dependant on the government, they will be completely onboard with this if they feel they will lose their benefits (handouts).

It's like Obama is sitting back in his big leather chair saying, "I love it when a plan comes together." ...just not in a cool John "Hannibal" A-Team way, but more like a Mr. Burns (Simpsons) way.

daveincincy wrote:






=d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d>
dstieger
13 years ago
Come back to earth and take a short break from Planet Fox, please. Confiscate? Confiscate? The plan doesn't even limit the amount you can have in the account. It does limit $3M to the IRA tax incentive. This top of the lungs chicken little stuff directly contributes to the right's credibility issues. Probably as much or more than the '47% sense of entitlement bloc'.

HockeyDad
13 years ago
IRAs...Roth IRAs...401Ks will all be targets for taxation or confiscation. The only question is when. Austerity is going to suck for the rich. The problem is "rich" will be defined as anyone with a job or savings or real estate.
Buckwheat
13 years ago

Come back to earth and take a short break from Planet Fox, please. Confiscate? Confiscate? The plan doesn't even limit the amount you can have in the account. It does limit $3M to the IRA tax incentive. This top of the lungs chicken little stuff directly contributes to the right's credibility issues. Probably as much or more than the '47% sense of entitlement bloc'.

dstieger wrote:




Agreed. Is this a proposed plan or is this law?
Don't know the source for this "Confiscation" but I'd be interested in seeing it. The devil is in the details not the rhetoric. [ram27bat]
victor809
13 years ago

The devil is in the details not the rhetoric. [ram27bat]

Buckwheat wrote:



silence. that sort of thinking has no place in cbid forums.
paulkeck
13 years ago

silence. that sort of thinking has no place in cbid forums.

victor809 wrote:



All Knowing has spoken!!!
teedubbya
13 years ago
In related news the sky is falling
DrafterX
13 years ago
I actually found a piece and put in a box.... think I'm gonna ebay it... what do you think I can get..??? 😕
paulkeck
13 years ago

I actually found a piece and put in a box.... think I'm gonna ebay it... what do you think I can get..??? 😕

DrafterX wrote:


i dont know as Victor!!!
Bluedevil
13 years ago
Just Wait, he's just getting started !!
teedubbya
13 years ago

Just Wait, he's just getting started !!

Bluedevil wrote:



you mean we will make something else up tomorrow and argue with it?
DrafterX
13 years ago

you mean we will make something else up tomorrow and argue with it?

teedubbya wrote:





sounds like a plan..!! 👍
victor809
13 years ago
... what, do you expect tomorrow to be any different from yesterday?
DrafterX
13 years ago
same Bat channel..??? 😕
Buckwheat
13 years ago
After doing a little reading on this it looks like BO has buried in the proposed budget a limit on the amount of tax deferred deposits into retirement accounts. The limit would be ~3 Million dollars of tax deferred deposits or $205,000 a year you could get from your retirement account if it were converted to an annuity. The proposed piece of the budget would currently affect just 0.03% of retirement accounts, says the Employee Benefit Research Institute.

http://www.cnbc.com/id/100633882 

Just some of the info that I was looking for. Hell, I certainly don't have to worry about this. Maybe one day (but everything will change 100 times before I have to worry about it.) I just want to get my taxes filed and get some money back before its all spent.
dpnewell
13 years ago
How does Obama plan on getting his hands on the Irish Republic Army's money? I thought they officially dissolved back in '05.
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